Atrix International Announces Acquisition of UltiVac Product Line From Porous Media.MINNEAPOLIS--(BUSINESS WIRE)--Nov. 9, 1995--Atrix International Inc. announced today that it purchased the UltiVac(TM) Product Line from Porous Media. The assets acquired include production equipment, customer lists, and the UltiVac trademark. The purchase price will be paid in cash over the next four or five years. Terms of the agreement were not disclosed. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Steve Riedel, President of Atrix, the acquisition of the UltiVac product line significantly expands the company's offering of toner vacuum products to the photocopier photocopier Device for producing copies of text or graphic material by the use of light, heat, chemicals, or electrostatic charge. Most modern copiers use a method called xerography. and laser printer industry. This will firmly position Atrix as one of the leaders in this $25 million annual market. In addition, the product acquisition includes filtration products for the asbestos and HEPA HEPA abbr. 1. high-efficiency particulate air 2. high-efficiency particulate arresting markets. Currently, the Atrix product line does not cover this market. Riedel further stated that he expected that gross margins will improve due to increased volume absorbing overhead costs overhead costs see fixed costs. and lower costs of production. The company expects this product line acquisition to increase annual sales by 5% - 10% in the next twelve months. Atrix is a leading edge manufacturer of remote metering and copy control products. The company is also a manufacturer of toner vacuums, vacuum filters and printed circuit board transport cases for the office machine industry and distributes tools, and instrumentation for field service organizations throughout the world. The common stock of Atrix is traded on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol ATXI. CONTACT: Atrix International Inc., Minneapolis Steven D. Riedel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 612/894-6154 |
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